When you look at the terms of the Bridge Loan, you have to believe that these investors must have tremendous confidence in one or both of two things. One that the stock is going to go much higher then the current level (just to double their money on an equity rise the stock would have to go to $.60 a share based on only the warrant kicker they got) and/or two, the Strategic Private Financing must be a done deal and at terms more attractive to the company then the bridge loan terms.
I say this because typically "Bridge Loan" investors take the highest risk and always demand the highest reward. Never more notable in my 33 years than in this company based on recent 8K's which under the old BOD actually publicly threatened possible bankruptcy.
If the Company were in as bad a shape as reported back in July, you would think the Bridge loan people could have demanded almost any terms they wanted right down to a lot more warrants and one penny cashless warrants exercise terms. So obviously these investors have seen something that give them comfort that the Company and the stock must be about to make some very impressive positive moves. Pair this with the recent announcement of new Directors who only got 250,000 warrants at .135 for their incentive, (Rats don’t normally jump ON a sinking ship) AND the fact that this stock, which had been averaging around 3 million shares a month prior to the infamous July 31 8k, and has now traded over 41 million shares since at much higher levels, one would assume a major move up in the stock price should be imminent.
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